Consumer Portfolio Services (NASDAQ:CPSS) Issues Quarterly Earnings Results

Consumer Portfolio Services (NASDAQ:CPSS) posted its earnings results on Thursday. The credit services provider reported $0.30 earnings per share (EPS) for the quarter, Zacks reports. Consumer Portfolio Services had a return on equity of 6.91% and a net margin of 4.78%.

Consumer Portfolio Services Trading Up 3.1%

Shares of CPSS stock traded up $0.28 during trading hours on Thursday, hitting $9.25. The company had a trading volume of 19,991 shares, compared to its average volume of 22,455. The company’s fifty day moving average is $9.28 and its 200 day moving average is $9.30. The company has a debt-to-equity ratio of 10.43, a current ratio of 5.67 and a quick ratio of 5.67. Consumer Portfolio Services has a fifty-two week low of $7.46 and a fifty-two week high of $10.49. The stock has a market capitalization of $202.62 million, a PE ratio of 10.05 and a beta of 1.14.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen raised Consumer Portfolio Services from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th. Weiss Ratings raised Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Consumer Portfolio Services has an average rating of “Hold”.

Insider Activity at Consumer Portfolio Services

In other news, CEO Charles E. Bradley, Jr. sold 125,000 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $9.46, for a total transaction of $1,182,500.00. Following the completion of the transaction, the chief executive officer directly owned 4,099,545 shares in the company, valued at $38,781,695.70. This trade represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Noel Jackson sold 7,500 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $9.31, for a total value of $69,825.00. Following the transaction, the vice president owned 7,500 shares of the company’s stock, valued at approximately $69,825. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 137,500 shares of company stock worth $1,299,825. Insiders own 63.80% of the company’s stock.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc (NASDAQ: CPSS) is a specialty finance company that provides automobile financing to consumers, including borrowers who may have limited or impaired credit histories. The company primarily operates through an indirect lending model, purchasing retail installment sales contracts originated by automobile dealerships and providing financing for the purchase of new and used vehicles.

Consumer Portfolio Services funds its lending activities through a combination of debt financing and the securitization of automobile receivables.